HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
TSX:HAI • CA40531F1009
9.93 CAD
+0.11 (+1.12%)
Last: Feb 20, 2026, 07:00 PM
We assign a fundamental rating of 6 out of 10 to HAI. HAI was compared to 12 industry peers in the Communications Equipment industry. While HAI has a great health rating, its profitability is only average at the moment. HAI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year HAI was profitable.
- In the past year HAI had a positive cash flow from operations.
- In multiple years HAI reported negative net income over the last 5 years.
- Of the past 5 years HAI 4 years had a positive operating cash flow.
1.2 Ratios
- HAI has a Return On Assets of 0.08%. This is in the better half of the industry: HAI outperforms 75.00% of its industry peers.
- HAI has a better Return On Equity (0.12%) than 83.33% of its industry peers.
- HAI has a Return On Invested Capital of 0.24%. This is amongst the best in the industry. HAI outperforms 83.33% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HAI is significantly below the industry average of 9.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.08% | ||
| ROE | 0.12% | ||
| ROIC | 0.24% |
ROA(3y)0.84%
ROA(5y)-1.76%
ROE(3y)1.21%
ROE(5y)-2.62%
ROIC(3y)1.94%
ROIC(5y)N/A
1.3 Margins
- With a decent Profit Margin value of 0.08%, HAI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- In the last couple of years the Profit Margin of HAI has declined.
- HAI has a Operating Margin of 0.26%. This is amongst the best in the industry. HAI outperforms 83.33% of its industry peers.
- In the last couple of years the Operating Margin of HAI has declined.
- The Gross Margin of HAI (72.51%) is better than 100.00% of its industry peers.
- HAI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.26% | ||
| PM (TTM) | 0.08% | ||
| GM | 72.51% |
OM growth 3YN/A
OM growth 5Y-47.67%
PM growth 3YN/A
PM growth 5Y-58.76%
GM growth 3Y1.83%
GM growth 5Y-1.12%
2. Health
2.1 Basic Checks
- HAI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, HAI has less shares outstanding
- Compared to 5 years ago, HAI has more shares outstanding
- HAI has a better debt/assets ratio than last year.
2.2 Solvency
- HAI has an Altman-Z score of 4.58. This indicates that HAI is financially healthy and has little risk of bankruptcy at the moment.
- With a decent Altman-Z score value of 4.58, HAI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- The Debt to FCF ratio of HAI is 1.43, which is an excellent value as it means it would take HAI, only 1.43 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 1.43, HAI belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- HAI has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.08, HAI is in line with its industry, outperforming 58.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 4.58 |
ROIC/WACC0.03
WACC8.71%
2.3 Liquidity
- A Current Ratio of 1.64 indicates that HAI should not have too much problems paying its short term obligations.
- With a decent Current ratio value of 1.64, HAI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- HAI has a Quick Ratio of 1.30. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
- HAI has a better Quick ratio (1.30) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 850.00% over the past year.
- HAI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.25% yearly.
- The Revenue has been growing slightly by 6.25% in the past year.
- Measured over the past years, HAI shows a quite strong growth in Revenue. The Revenue has been growing by 11.82% on average per year.
EPS 1Y (TTM)850%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%35.84%
Revenue 1Y (TTM)6.25%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%33.25%
3.2 Future
- Based on estimates for the next years, HAI will show a very strong growth in Earnings Per Share. The EPS will grow by 28.71% on average per year.
- The Revenue is expected to grow by 6.27% on average over the next years.
EPS Next Y-148.82%
EPS Next 2Y21.02%
EPS Next 3Y28.71%
EPS Next 5YN/A
Revenue Next Year-1.32%
Revenue Next 2Y5.26%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 66.20 indicates a quite expensive valuation of HAI.
- Compared to the rest of the industry, the Price/Earnings ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 75.00% of the companies listed in the same industry.
- HAI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.99.
- Based on the Price/Forward Earnings ratio of 45.20, the valuation of HAI can be described as expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HAI indicates a rather cheap valuation: HAI is cheaper than 83.33% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of HAI to the average of the S&P500 Index (28.06), we can say HAI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.2 | ||
| Fwd PE | 45.2 |
4.2 Price Multiples
- HAI's Enterprise Value to EBITDA ratio is in line with the industry average.
- HAI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HAI is cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.79 | ||
| EV/EBITDA | 28.32 |
4.3 Compensation for Growth
- The decent profitability rating of HAI may justify a higher PE ratio.
- A more expensive valuation may be justified as HAI's earnings are expected to grow with 28.71% in the coming years.
PEG (NY)N/A
PEG (5Y)29.38
EPS Next 2Y21.02%
EPS Next 3Y28.71%
5. Dividend
5.1 Amount
- No dividends for HAI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:HAI (2/20/2026, 7:00:00 PM)
9.93
+0.11 (+1.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-14 2026-01-14/amc
Earnings (Next)03-12 2026-03-12
Inst Owners4.52%
Inst Owner ChangeN/A
Ins Owners36.35%
Ins Owner ChangeN/A
Market Cap270.00M
Revenue(TTM)137.63M
Net Income(TTM)114.70K
Analysts82.5
Price Target8.29 (-16.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)8.17%
Min Revenue beat(2)4.63%
Max Revenue beat(2)11.7%
Revenue beat(4)3
Avg Revenue beat(4)4.64%
Min Revenue beat(4)-8.26%
Max Revenue beat(4)11.7%
Revenue beat(8)3
Avg Revenue beat(8)-1.63%
Revenue beat(12)7
Avg Revenue beat(12)1.67%
Revenue beat(16)9
Avg Revenue beat(16)1.32%
PT rev (1m)29.48%
PT rev (3m)31.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)133.3%
EPS NY rev (1m)0%
EPS NY rev (3m)7.41%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)6.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.2 | ||
| Fwd PE | 45.2 | ||
| P/S | 1.96 | ||
| P/FCF | 38.79 | ||
| P/OCF | 31.01 | ||
| P/B | 2.77 | ||
| P/tB | 6.26 | ||
| EV/EBITDA | 28.32 |
EPS(TTM)0.15
EY1.51%
EPS(NY)0.22
Fwd EY2.21%
FCF(TTM)0.26
FCFY2.58%
OCF(TTM)0.32
OCFY3.22%
SpS5.06
BVpS3.59
TBVpS1.59
PEG (NY)N/A
PEG (5Y)29.38
Graham Number3.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.08% | ||
| ROE | 0.12% | ||
| ROCE | 0.34% | ||
| ROIC | 0.24% | ||
| ROICexc | 0.29% | ||
| ROICexgc | 0.7% | ||
| OM | 0.26% | ||
| PM (TTM) | 0.08% | ||
| GM | 72.51% | ||
| FCFM | 5.06% |
ROA(3y)0.84%
ROA(5y)-1.76%
ROE(3y)1.21%
ROE(5y)-2.62%
ROIC(3y)1.94%
ROIC(5y)N/A
ROICexc(3y)2.23%
ROICexc(5y)N/A
ROICexgc(3y)6.04%
ROICexgc(5y)N/A
ROCE(3y)2.77%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-61.57%
ROICexc growth 3YN/A
ROICexc growth 5Y-56.55%
OM growth 3YN/A
OM growth 5Y-47.67%
PM growth 3YN/A
PM growth 5Y-58.76%
GM growth 3Y1.83%
GM growth 5Y-1.12%
F-Score6
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 1.43 | ||
| Debt/EBITDA | 0.8 | ||
| Cap/Depr | 19.8% | ||
| Cap/Sales | 1.27% | ||
| Interest Coverage | 0.76 | ||
| Cash Conversion | 94.83% | ||
| Profit Quality | 6068.96% | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 4.58 |
F-Score6
WACC8.71%
ROIC/WACC0.03
Cap/Depr(3y)17.82%
Cap/Depr(5y)18.89%
Cap/Sales(3y)1.24%
Cap/Sales(5y)1.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)850%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%35.84%
EPS Next Y-148.82%
EPS Next 2Y21.02%
EPS Next 3Y28.71%
EPS Next 5YN/A
Revenue 1Y (TTM)6.25%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%33.25%
Revenue Next Year-1.32%
Revenue Next 2Y5.26%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y-93.37%
EBIT growth 3YN/A
EBIT growth 5Y-42.12%
EBIT Next Year667.38%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-60.21%
FCF growth 3YN/A
FCF growth 5Y-12.55%
OCF growth 1Y-55.33%
OCF growth 3YN/A
OCF growth 5Y-8.96%
HAIVISION SYSTEMS INC / HAI.CA FAQ
What is the fundamental rating for HAI stock?
ChartMill assigns a fundamental rating of 6 / 10 to HAI.CA.
What is the valuation status of HAIVISION SYSTEMS INC (HAI.CA) stock?
ChartMill assigns a valuation rating of 4 / 10 to HAIVISION SYSTEMS INC (HAI.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for HAIVISION SYSTEMS INC?
HAIVISION SYSTEMS INC (HAI.CA) has a profitability rating of 6 / 10.
What is the valuation of HAIVISION SYSTEMS INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for HAIVISION SYSTEMS INC (HAI.CA) is 66.2 and the Price/Book (PB) ratio is 2.77.
How sustainable is the dividend of HAIVISION SYSTEMS INC (HAI.CA) stock?
The dividend rating of HAIVISION SYSTEMS INC (HAI.CA) is 0 / 10 and the dividend payout ratio is 0%.